• Overview
  • Reviews (1)
  • Comments (6)
  • What's new

MowerEurchf

The "MowerEurchf" automatic trading system uses price retracements and is the most efficient on flat markets. Trading is performed mainly by short-term trades, when the price moves within a channel. In case of a trend movement, the EA opens averaging deals with a lot step calculated depending on the distance passed by the price. The algorithm provides for the opening locking deal when there is a loss. The EA is configured for working on the EUR/CHF currency pair, where flat is often observed.


Advantages

  • large number of deals (more than 100 per month);
  • use of locking deals;
  • possibility to get rebates;
  • low cost of the program.


Requirements

  • currency pair: EUR/CHF;
  • timeframe: М15;
  • minimum deposit - $1000 or $10 on a cent account;
  • ECN account;
  • five-digit quotes;
  • low spread (no more than 30 points).


Input parameters

  • maxspread - maximum spread for opening deals;
  • rsiperiodforopening - period of the RSI indicator for opening a trade;
  • maperiod - period of the Moving Average indicator for opening a trade;
  • pricemadiff - distance from the current price to the Moving Average line for opening a trade;
  • pricemadiff2 - distance from the current price to the Moving Average line for opening an averaging trade;
  • envelopesperiodforopening - period of the Envelopes indicator for opening a trade;
  • envelopesdeviationforopening - deviation of the Envelopes indicator for opening a trade;
  • leveltoopenaveragingtrade - distance in points for opening the averaging trade;
  • stepforlotpoints - distance in points to calculate the lot of the averaging trade, which is opened with an increased lot;
  • opensecondserie - enable/disable the second series of deals opened by the same strategy, but in the opposite direction;
  • atrfilter - enable/disable the ATR indicator filter;
  • atrperiod - period of the ATR indicator for opening a trade;
  • atrlevel - value of the ATR indicator below which trades are opened;
  • hedgeprotection - enable/disable opening pending orders in both directions for preventing losses in case of a sudden price movement in a single direction;
  • hedgedistancepoints - distance in points for opening hedging trades;
  • hedgelotmultiplier - lot multiplier for hedging trades;
  • hedgesl - stop loss in points for hedging trades;
  • locking - enable/disable opening the locking deal in case of a prolonged trend, if the drawdown reaches 50% of the deposit;
  • equitypercentforlock - percentage of the free margin to open a locking deal in case of a drawdown (optimized value - 50%)
  • locklotpercent - percentage of the sum of the deals' lots opened in the same direction for calculating the lot size of the locking deal in case of a direction (optimized value - 10%)
  • trailingpoints - trailing stop in points for a hedging trade;
  • closebyrsi - enable/disable closing deals based on the RSI indicator;
  • closebystoch - enable/disable closing deals based on the Stochastic indicator;
  • closebycci - enable/disable closing deals based on the CCI indicator;
  • cciimpulse - distance between the CCI indicator value of the last candle and the current value;
  • rsiclosingperiod - period of the RSI indicator for closing a trade;
  • envelopesperiodforclosing - period of the Envelopes indicator for closing a trade;
  • envelopesdeviationforclosing - deviation of the Envelopes indicator for closing a trade;
  • buyaimpoints - target in points for every buy trade;
  • sellaimpoints - target in points for every sell trade;
  • startlot - lot of the initial deal;
  • magicnumber - magic number;
  • comment - custom comment.


Recommendations on usage

  • Lot calculation: 0.01 lot per $1000.
  • It is recommended to use VPS with low latency to the broker's server.

Using the martingale principle may cause the drawdown to increase above 30% of the account balance when there is a prolonged trend without price retracements. In this case, locking is used, which can be configured by testing the EA on a demo account. Trends do not last forever.

Charles Mady
525
Charles Mady 2016.12.12 10:46 
 

Excellent EA, one of the few that works well in quiet markets.

Version 2.22 2017.02.01
Implemented additional parameter settings;
Fixed an error in the hedging block;
Added an error checking block to the trade opening function.
Version 2.21 2016.12.26
Fixed the error with insufficient margin for pending orders;
Version 2.20 2016.12.19
Errors were fixed;
Maxspread parameter was opened.